Introducing $iUSD, Initia’s native stablecoin. Learn about $iUSD and earn a share of $35,000 in bonus rewards ↓

The @asph0d37 whitepaper is now live. We've been working on this project for 4 years, but this is the first time I've explained what Asphodel actually is. You should read it. Or maybe you should have an agent read it for you. Link below.

Apps deserve infra that works for them. Not the other way around. With Initia, teams can: > Own their economics > Shape the user experience > Turn actual usage into revenue they keep

I started accumulating Kami NFTs again.🧵 For quite a long there wasn't any update about my @kamigotchiworld strategy. Goal is to get at least 150 Kamis, why? 1. ~2k% APR on @initia VIP. Community convinced @0xl3th3 to bribe on @CabalFDN. That means Kamigotchi players now get ~$5-8K in $INIT rewards every 2 weeks. Note: Tokens are locked/vested for 1 year. I personally vest them (and unlock 1/26 every epoch = 2 weeks). Kamis are extremely cheap, there is almost no competition in VIP farming - 36 accounts last week. My current setup: 100 Kami NFTs at $4/each = $400 total They generate 200k VIPP/day - max ~3M VIPP per cycle Gas: $3/day = $42 per 2 weeks Last epoch benchmark: 900k burnt VIPP = 1,730 $INIT = ~$104 (yes, at current $INIT prices after market dump ~$0.06 USD) Scale that to my 3M VIPP (max I can get with 100 kamis in 14 days): ~5,766 $INIT = ~$347 gross Minus gas: ~$305 net every 2 weeks APR: Annualized: Gross APR: ~2,250% Net APR (after gas): ~1,980% Considering current $INIT price and pool size - both can move. 2. Mint-out is close. ~3,000 Kami left to mint. Once supply is gone, the team has signaled a new economic model drops (I guess somehow connected with @asph0d37). I have no idea what it is - but at $4/NFT, I will take that risk. The downside is priced in. I'm playing for supply shock and whatever comes after. NFA. Assumes current $INIT price and pool size - both can move.

Looking for high passive stablecoin yield? iUSD on @initia yielding 9.37% APR on Echelon. Rewards are vesting-free and start accruing from the moment you supply. Supply iUSD today ↓ app.echelon.market/

Kami is a great case study for what Initia is built for. Apps that own their stack, capture value, and turn real usage into real revenue. In just a year and with essentially no marketing spend, @kamigotchiworld is one of the top revenue-generating chains. Build with Initia.

May brought steady momentum across the Initia ecosystem, from iUSD traction and DeFi opportunities to gaming updates, new trading markets, and VIP rewards ↓ • iUSD supply crossed the $5M milestone. • @kamigotchiworld team launched @asph0d37’s Prologue playtest through the public beta, while also bringing a new optional hardcore questline and the return of VIP reward bribes to Kamigotchi. • @civitiaorg crossed its 50th week live and recorded its 4th highest revenue-generating week, bringing in 27.8K INIT in the week of May 14-21. • iUSD deepened its DeFi footprint on @EchelonMarket, where users put iUSD to work with 4.77M supplied and 2.59M borrowed, implying > 50% utilization. • @TradeOnStrat expanded its markets with new TradFi listings: $TSM, $SNDK, $INTC, $CRWV, and $MU, all available with up to 50x leverage, and wrapped up a $10,000 Initia 1st Anniversary Trading Event. • @CabalFDN vaults continue to see strong demand, with the iUSD vault already 96% filled after its recent cap increase and APR still holding at 15%. • The VIP flywheel keeps spinning: 1.34M INIT distributed to users and rollups this month. On to another month of building, shipping, and compounding 🫡

The @initia 1yr Trading Event has wrapped up!!! iUSD rewards have been distributed to traders. Thanks to everyone who traded, tested, and helped shape Strat in alpha. Points are still live, and more markets and events are coming soon.

iUSD epoch 4 is live on @initia - $30,000 in incentives. No vesting requirements. Rewards start accruing immediately. Up to 46% APR on stablecoin loops at current rates 🧵

Make the most on your iUSD by earning 15% APY with @CabalFDN. One deposit. Max yield. Zero Complexity. The vault is 87% full, so you better hurry!

HAPPY BITCOIN PIZZA DAY! 🍕 This day proved crypto could pay for pizza. Appchains are proving apps can own the pizzeria.

Quick update on the @initia 1yr trading event. Top five traders have generated $6,500,000 in volume and earned $4,000 in rewards. Roughly $6,000 in rewards left. Start trading by applying to the private alpha below ↓

Want 11.65% APR on your stables? Do it in 3 steps: 1) Bridge USDC to @initia here: bridge.initia.xyz/ 2) Swap to iUSD 3) Supply on Echelon Rewards are vesting-free and start accruing from the moment you supply.